TDS Rates in India for FY 2018-19 (AY 2019-20)
Historical Tax Deducted at Source rates, threshold limits, deposit due dates, return forms and related provisions for Financial Year 2018-19 and Assessment Year 2019-20.
Historical reference: This page is retained for FY 2018-19 / AY 2019-20 and has not been converted into a current-year TDS guide.
1. TDS Rates FY 2018-19
| Nature of Payment | Section | Threashold | Individual / HUF | Others |
|---|---|---|---|---|
| Salaries | 192 | As per Slab | - | - |
| Premature withdrawal of EPF | 192A | 50,000 | 10% | - |
| Interest on Securities | 193 | 10,000 | 10% | 10% |
| Dividends | 194 | 2,500 | 10% | 10% |
| Interest (Banks) | 194A | 10,000 | 10% | 10% |
| Interest (Other than Banks) | 194A | 5,000 | 10% | 10% |
| Winning from Lotteries | 194B | 10,000 | 30% | 30% |
| Winning from Horse Race | 194BB | 10,000 | 30% | 30% |
| Contractor - Single Transaction | 194C | 30,000 | 1% | 2% |
| Contractor - During Financial Year | 194C | 1,00,000 | 1% | 2% |
| Transporter (Declaration with PAN) | 194C | - | - | - |
| Insurance Commission (15G-15H Allowed) | 194D | 15,000 | 5% | 10% |
| Life Insurance Policy | 194DA | 100,000 | 1% | 1% |
| Non-Resident Sports Men or Sports Association | 194E | 20% | 20% | |
| National Saving Scheme | 194EE | 2,500 | 10% | 10% |
| Repurchase Units by MFs | 194F | 20% | 20% | |
| Commission - Lottery | 194G | 15,000 | 5% | 5% |
| Commission - Brokerage | 194H | 15,000 | 5% | 5% |
| Rent of Land and Building -Furniture & Fixtures | 194I | 1,80,000 | 10% | 10% |
| Rent of Plant / Machinery / Equipment | 194I | 1,80,000 | 2% | 2% |
| Rent by Individual (HUF) w.e.f 1.6.2017 | 194IB | 50,000 PM | 5% | - |
| Transfer of immovable property other than agricultural land | 1941A | 50,00,000 | 1% | 1% |
| Professional Fees / Technical Fees | 194J | 30,000 | 10% | 10% |
| Payment to call centre operator | 194J | 30,000 | 2% | 2% |
| Compensation on transfer of certain immovable property other than agricultural land | 194LA | 2,50,000 | 10% | 10% |
| Income from Infrastructure Debt Fund | 194LB | 5% | 5% |
Note: TDS rate without PAN: 20% flat where the applicable TDS rate is lower than 20%.
2. TDS Deposit Due Dates
| Month of Deduction | Due date for Payment |
|---|---|
| April | 7th May |
| May | 7th June |
| June | 7th July |
| July | 7th August |
| August | 7th September |
| September | 7th October |
| October | 7th November |
| November | 7th December |
| December | 7th January |
| January | 7th February |
| February | 7th March |
| March | 30th April |
3. TDS Return Forms
| TDS forms to be submitted | Type of Deductee |
|---|---|
| Form 24Q | Deductions made from salaried |
| Form 26Q | Deductions made from Non salaried people |
| Form 27Q | Deduction made from payment to NRI |
4. Due Dates for Filing TDS Returns in India
| Quarter Ending | Due date to file return by all deductors |
|---|---|
| 30th June | 31st July |
| 30th September | 31st October |
| 31st December | 31st January |
| 31st March | 31st May |
5. TDS on Sale of Property
The buyer is required to deduct 1% TDS of the total sale consideration on immovable property other than agricultural land if the sale consideration exceeds Rs. 50 lakhs.
TDS will be deducted on the entire amount of sale.
There is no need of obtaining TAN by the buyer except for purchase from NRI.
If PAN is not available, TDS will be deducted at the rate of 20%.
The buyer should also show the PAN number.
TDS has to be deposited along with Form 26QB within 7 days from the end of the month in which TDS was deducted.
The buyer should issue the TDS certificate to the seller. The buyer requires Form 26QB.
TDS is required to be deducted in all cases irrespective of the capital gains arising to the seller.
In case of a home loan, TDS is to be deducted at the time of making payment to the seller, not at the time of paying EMI to the bank.
In case of two or more buyers, separate Form 26QB is to be filed.
Both buyer and seller are required to file income-tax return in the year of purchase.
Where there are two buyers and the share of each individual is less than Rs. 50 lakhs but the aggregate value of land is more than Rs. 50 lakhs, the same procedure of deducting TDS will be followed by the buyer.
6. Delayed Deposit of TDS on Property
If TDS is not deducted by the buyer, interest at the rate of 1% per month is payable on the amount not deducted.
If TDS is deducted but not paid on time, the buyer has to pay interest at the rate of 1.5% per month for delayed TDS payment.
7. Late Filing of Form 26QB
In case the buyer is late in filing the TDS return, a fee of Rs. 200 per day applies according to the historical page.
8. Refund of Extra Tax or TDS
If the tax liability of the assessee is less than the TDS amount, the difference can be claimed at the time of filing the income-tax return. The extra amount will be refunded to the bank account of the assessee.